New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-31

The weeks exchanges at the New YORK Clearing House
continue to reflect increasing volume OF transactions
i'm general business With a smaller business In the
speculative marts Of the city than that OF the pecedng
exchanges 60O0 900 greater than for the proceed
Ing week. and $S30oo00o greater than for me week OF
1886 Compared with the week OF 1882 the gam 10
$3.50. 100000.
and the stock sold al The Network stock Exchange for
the weeks OF three years compare rs follows:
Week endng-Jan 81. 1898. Jan 80 1890 Jan 20 lss7
E Es s.ss. sold s65sY aoiss5S iSs7S7
The local money market which before easy enough
steadily gravated toward greater ease all the week
through The rate for call loans was per cent
with frequent and large exceptions as low ~ per cent
insignificant. Time money was offered beyond the
ana e per for four six months. trstclass mcr
camille paper was III demand AZ o@12 per
working more favorahly to this centre,
and the gain IN cash shown In yeserlays bank state
of the OF that week. due u receipts from the
Interior. When IS remembered that gold and silver
notes and that both count specie In the
bank statement. there is mystery about where the
The foreign exchanges were moderately active and
ruled firm all the wee 70 accom-. "r 'a's I. Is not
in this market OF actual sccurties In fact inquiry fails
discover recent arrivals OF American securities be-
vond such ordinary amounts all the time are flowing
bach and forth year ago sterling rates were fully e
cents higher than at any time during the last week and
curi,es In this market 1t Is mistake TO
mane tSst or cargo nop American nor pas s
the immediate exchange market an ARRIVAL foreign
merchandise Of equal value on me same day. Ibe hirt
supplies the exchange market with bills even before the
ship port while he demand for bills to cover the
Importation will appear In the exchange market Tor
sixty days or perhaps after the arrival Of
the merchandise AS 10 the prospect OF gold exports
In the future. they not only seem possible but prob
able at least moderate amount, and already the talk
Of has begun with the apparent intention OF affecting
values ut the Stock Exchange No dreams that gen
eral usincss will he affected that there Will be
distress IN the money market because OF gold exports
To meet any possible drain that NAV come
the Treasury and tho banks are well pre-
1918 20s $50 against 1921 33l 56Z on January l. 1856
tidcates outstanding now 81 100000 less than
year that its net gold balance over cercates IL
SI6s 49s.lG7. against $l36.0s60ll on January 81:
gold ring the next three months should. because
Of a european war, aggregate large amount,
1Se,e affect the money market. of Ills country mate
rally We trust we are not again To have repetition
Of the direfu predictions based upon an OF
did export In the first ak months ~ the year nearly
$4OO0OOOO OF gold. without producing any mea'er
damage than that which caused by the prcncohs Vi
The gene, al commercial and mercantile situation con
poets. Locally the strikes Of 'longshoremen and coal
handlers in tha city and ts Vicinity have done mnch 70
chandise and probably has diverted from this port no
quantities OF products destined for Europe The
but the proporonate loses not only To the strikers
themselves but TO the poorer classes .,r Of
wage. who and timer Ss crs cos. of
nas been II always mus be- much greater and 10 de-
porabe such things however and these present strkrs
In articular regarded by business men rs only tenn
porary and like distractions from and wind must
be borne patiently while they continue. Like bos they
bio, will work together it'll better comprehension OF
the dependence Of each upon the Other Al this port
terfercd with, but at other ports the movement has
eeD moderately free The speculative price OF grain has
suffered soms decline Tor the week. although II early en-